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Tackling Covid debt in poorest countries hit by ‘massive gaps in data’
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Efforts to combat a looming debt crisis in the world’s poorest countries are being hindered by a lack of up-to-date, reliable figures showing how much individual nations owe, the World Bank has said.
The Washington-based institution highlighted “massive gaps” in the data, with 40% of low-income countries failing to publish any figures on their sovereign debt in the past two years.
At a time when the global pandemic has driven debt to dangerously high levels, a World Bank report said estimates “cobbled together” from a variety of sources made it harder to deal with the problem.
The Bank, which released figures last month showing a 12% jump in poor-country debt during 2020, said monitoring the situation relied on a patchwork of databases with
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